Bernie Sanders calls for income over $1B to be taxed at 100%

Or maybe the government could take a serious look at how insane their spending is and do something about it. And Bernie is an idiot who thinks more money in government hands will solve problems. Social security and medicare are in trouble. Billions of COVID money went unaccounted for. The Department of Defense routinely loses track of billions in spending and the State Department is a hot mess of spending without accountability.

Wouldn’t that incentivize more intricate methods for large corporations to pay larger income? I understand what he’s going for, but I personally think that such a tax law might cause unintended consequences and perverse incentives

So the incumbent "nobility" dont have to fear challenges to the status quo from the business arena. Circle back a minute fraction of such taxes to the common folks to keep consensus

I don’t see how that’s practical when places like Monaco exist and are happy to welcome people who really don’t like paying taxes. It would have to be a worldwide effort.

Im expecting someone here will argue that would remove the incentive to work hard.

Let's also introduce taxation of unrealized capital gains of >$1M to 90% and 100% for gains of >$1B for everyone, which we will start with Bernie with the former. /s